In-Depth Analysis
Zimbabwe
The end of Robert Mugabe’s 37-year presidency presents a huge opportunity to turn around the mismanaged economy. The situation is fluid as the new team begins to govern.
Real GDP growth is forecast to accelerate to 1.7% in 2018, supported by a better than expected tobacco harvesting season this year and high levels of ongoing government expenditure. However, the economy is still highly underdeveloped, and the State remains a key element of growth by having to provide supportive facilities for certain industries. Structural challenges inherent to the economy still pose a great deal of uncertainty for investors – who want to see more coherence. With the presidential elections concluded, now is the time for this new administration to deliver on the people’s mandate by fixing and restoring confidence to the mismanaged economy. (Source: Zimbabwe Annual Country Profile, published August 2018)
Macroeconomic Data
(2017)
|
Fiscal Balance (as a % of GDP) |
-15.1 |
|
Consumer Price Index (% change y-o-y, avg) |
0.9 |
|
Current Account Balance (as a % of GDP) |
-4.4 |
|
Real GDP (annual % change) |
3.3 |
|
GDP per Capita, US$ |
1,045 |
|
Import Cover (months) |
0.8 |
|
Population, million |
16.5 |
| Total External Debt (as a % of GDP) |
60.5 |